Assessment issue


This query is : Open 

20 March 2017 If there is one commercial property given on rent to govt. Co. For ₹16 lakh of which there are 2 co-owners brothers, receive rental income by issuing separate invoice and receive cheques separately. Whether they assessed separately as individuals of as Boi.

20 March 2017 To be assessed in the status of 'individual' .

20 March 2017 Thank you sir

22 March 2017 Sir in case of continuous supply of service of renting of immovable property for commercial purposes (agreement period 9 years). The agreement has been expired in February and new agreement will be entered in April from back date from February. Initially rent were 8.5 lakh now it is going to increase 17 lakh. Now my question is when will assessee apply for registration for service tax? Here limit of 9 lakh is going to expire in the month in which rent with old rates is received by assessee then after

22 March 2017 He will receive balance increased rent subsequently in April or may.


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